Bonded warehouse licensing for diamonds and gemstones withdrawn; no new licences and existing warehouses subject to a limited transitory control. The scheme permitting private/public bonded warehouses for import and re export of diamonds and gemstones has been withdrawn; no new bonding licences will be granted and the prior circular is withdrawn to that extent. Bonding in existing warehouses is prohibited. A three month transitory period allows existing warehouses to surrender licences, during which diamonds and gemstones are to be treated as dutiable goods for regulatory control and ex bonding procedures must be followed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bonded warehouse licensing for diamonds and gemstones withdrawn; no new licences and existing warehouses subject to a limited transitory control.
The scheme permitting private/public bonded warehouses for import and re export of diamonds and gemstones has been withdrawn; no new bonding licences will be granted and the prior circular is withdrawn to that extent. Bonding in existing warehouses is prohibited. A three month transitory period allows existing warehouses to surrender licences, during which diamonds and gemstones are to be treated as dutiable goods for regulatory control and ex bonding procedures must be followed.
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